Indian Oil Corporation Limited Tender

The required prior work experience for the bidder includes the completion of similar works, specifically Maintenance / construction of Premix carpet road using hot mix plant. The bidder should have completed at least three works, each costing not less than ₹ 119.41 Lakhs, or two works, each costing not less than ₹ 159.21 Lakhs, or one work costing not less than ₹ 199.01 Lakhs. The value of completed works is inclusive of service tax/GST. The percentage of similar works completed is not explicitly mentioned. However, the amount of similar works completed should be at least ₹ 119.41 Lakhs for three works, ₹ 159.21 Lakhs for two works, or ₹ 199.01 Lakhs for one work. Additionally, the works should have been completed during any of the last seven years ending on the last day of the month immediately previous to the month in which the original last date of bid submission falls. The bidder should also provide a certificate from the end user / owner / consultant of the owner acting as EIC stating that the main contractor has intimated them about the engagement of sub-contracting OR have been allowed/ permitted as a sub-contractor. In case of joint ventures, the work value shall be worked out as per the percentage share of the bidder in the JV / Consortium / Joint bidding agreement. The bidder should also submit a copy of the JV / consortium / joint bidder agreement and work order & completion certificate(s) has to be issued in the name of such JV / consortium / Joint bidder OR in the name of the Leader with brief details of JV / consortium / joint bidder specified in the work order. For ARC jobs of one-year or more duration, the experience criteria shall be based on annualized value of works per contract including GST. The amount considered for meeting the experience criteria of PQC shall be inclusive of Service Tax/GST. The completion certificate submitted by the bidder shall separately indicate the Service Tax amount included in the value of completed job. If the annual turnover is in currency other than USD, it shall be converted into equivalent USD considering the conversion factor indicated in Bidder’s audited financial report. If the work order value/executed value indicated is in currency other than INR/USD, the same shall be converted in equivalent USD considering the conversion rate based on SBI TT selling rate as on the date of issue of the reference order(s)/date of completion, as applicable. Recoveries due to deficiency in work and Local content declaration (for PPP-MII compliance) have specific percentage values and marks, but these are not directly related to the required prior work experience for the bidder.